Nautilus Minerals Inc. Reports Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016
Nautilus Minerals Inc. reported audited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the period, the company reported operating loss of $14,289,840 against $25,342,458 a year ago. Loss and comprehensive loss for the year was $14,033,618 against $24,882,330 a year ago. Loss per share was $0.02 per basic and diluted share against $0.06 per basic and diluted share. Net cash used in operating activities was $14,724,038 against $21,715,211 a year ago. Purchase of plant and equipment was $31,693,799 against $23,142,571 a year ago. Exploration and evaluation assets were $5,412,302 against $6,464,653 a year ago.
For the quarter, the company reported loss of $2.7 million or $0.004 per basic and diluted share against $5.0 million or $0.01 per basic and diluted share a year ago.